Hillhouse’s First Private Credit Fund to Raise Some $700 Million

Elham Credit Partners, the private credit arm of Hillhouse Investment, is set to get anchor commitments of $700 million to $750 million for the first close of its inaugural private credit fund, according to people familiar with the matter.

The Singapore-based firm could finalize commitments as soon as late June, the people said, asking not to be identified discussing private matters. The fund may reach between $900 million and $1.1 billion, Bloomberg News previously reported.

Representatives from Hillhouse and Elham didn’t immediately respond to a request for comment.

Elham joins a growing list of firms keen to ...